Drug Discovery Informatics Market Insights:
The Drug Discovery Informatics Market size was valued at USD 2.65 Billion in 2021, expecting a CAGR of 10.9% during the forecast period (2022-2030), and the market is projected to be worth USD 6.72 Billion by 2030.
The increased adoption of Drug Discovery Informatics in the Biotechnology industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Drug Discovery Informatics also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Drug Discovery Informatics in many sectors also boosts the market growth during the forecast period.
Drug discovery informatics is a technological tool for analysing and comprehending massive volumes of biological data. The data is obtained from clinical laboratory research investigations and is used to generate insights into the development of various medications. Drug discovery informatics processes data on medications, illnesses, proteins, pathways, gene expression, and sequencing data using advanced bioinformatics algorithms. It also expands the flexible architecture to create new, specialised techniques and algorithms for many elements of drug discovery, cutting drug development costs.
Drug Discovery Informatics Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Service Type (In-house, Outsourced), By Modality (Cloud-based Systems, In-campus Platform), By Application (Data Sequencing, Molecular Docking, Identification and Validation Informatics, Target Data Analysis, Others), By End Use (Pharmaceutical Companies, Contract Research Organizations, Biotechnology Companies, Others), and companies (Selvita, Novo Informatics Pvt. Ltd., ChemAxon Ltd., Albany Molecular Research Inc., Oracle, Accenture, Agilent Technologies, Inc., Illumina, Inc., Certara, Boehringer Ingelheim International GmbH, Infosys Ltd., Charles River Laboratories, Collaborative Drug Discovery, Inc., Eurofins DiscoverX Products, Jubilant Biosys), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 10.9%, over the forecast period of 2022–2030.
Drug Discovery Informatics Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||6.72 Billion|
|By Service Type||In-house, Outsourced|
|By Modality||Cloud-based Systems, In-campus Platform|
|By Application||Data Sequencing, Molecular Docking, Identification and Validation Informatics, Target Data Analysis, Others|
|By End User||Pharmaceutical Companies, Contract Research Organizations, Biotechnology Companies, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Selvita, Novo Informatics Pvt. Ltd., ChemAxon Ltd., Albany Molecular Research Inc., Oracle, Accenture, Agilent Technologies, Inc., Illumina, Inc., Certara, Boehringer Ingelheim International GmbH, Infosys Ltd., Charles River Laboratories, Collaborative Drug Discovery, Inc., Eurofins DiscoverX Products, Jubilant Biosys|
The COVID-19 pandemic has had a substantial negative influence on the Drug Discovery Informatics market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Selvita, Novo Informatics Pvt. Ltd., ChemAxon Ltd., Albany Molecular Research Inc., Oracle, Accenture, Agilent Technologies, Inc., Illumina, Inc., Certara, Boehringer Ingelheim International GmbH, Infosys Ltd., Charles River Laboratories, Collaborative Drug Discovery, Inc., Eurofins DiscoverX Products, Jubilant Biosys
Market Segment Analysis:
By Service Type
- Cloud-based Systems
- In-campus Platform
- Data Sequencing
- Molecular Docking
- Identification and Validation Informatics
- Target Data Analysis
By End User
- Pharmaceutical Companies
- Contract Research Organizations
- Biotechnology Companies
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Drug Discovery Informatics industries in the region.
Key Drug Discovery Informatics Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Drug Discovery Informatics Market segments.
– Largest Market Share Held by Industry to Industry for Drug Discovery Informatics
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Drug Discovery Informatics Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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